Relief for Consumers as Nigeria's Inflation Slows

Nigeria's headline inflation rate decreased for the fifth consecutive month in August 2025, offering relief to consumers facing high living costs. The National Bureau of Statistics (NBS) reported a significant drop in the Consumer Price Index (CPI), with food prices, a major inflation driver, moderating.

The ten most expensive states to live in Nigeria experienced a mix of food price pressures and supply disruptions due to insecurity and poor logistics. Despite the moderation in food prices, costs remain elevated, particularly in northern states.

The decline in headline inflation reflects a slower pace of price increases, impacting the overall cost of goods and services in the country.